“We will have the ability to take advantage of our strengths to service the consolidating food service marketplace. We can take and match our efficiencies and our services to meet a changing landscape.”
“We simply cannot endorse a decision to complete the transaction under the facts as we understand them today. My decision today was based on what I felt was in the best interest of our Company and its shareholders.”
“Overall, I am very pleased with the performance of our company in this historically difficult quarter and with the progress we've made on the integration to date,”
“Our earnings forecast will be steady to slightly higher for fiscal 2003 [than fiscal 2002] despite increased grain prices, more than ample protein supplies and a sluggish economy,”
“This is a unique opportunity for Tyson foods, the number one company in the chicken category, and the folks at IBP, who are the number one in the beef and pork industry, ... Seldom do you get the chance to put the leaders together in an industry and then move forward.”
“Unfortunately, it will be impossible to complete the cash tender offer by the 28th, ... IBP continues to work with the SEC to resolve their accounting issues. After that work is complete, we will determine what effect these matters will have on our deal.”
“Consequently, whether intended or not, we believe Tyson Foods Inc. was inappropriately induced to enter into the Merger Agreement, ... Further, we believe IBP cannot perform under the Merger Agreement.”
“Unfortunately, it will be impossible to complete the cash tender offer by the 28th. IBP continues to work with the SEC to resolve their accounting issues. After that work is complete, we will determine what effect these matters will have on our deal.”
“Recent declines in international demand for chicken coupled with greater than expected domestic supply will dramatically impact the projected performance of our chicken segment.”
